Galaxy Digital Expands Texas Data Center Footprint with $7.5M McGregor Campus Acquisition
Event summary
- Galaxy Digital acquired a 500-acre site in McGregor, Texas for $7.5M to build an AI/HPC data center campus.
- Initial phase expected to reach 74 MW, with potential to grow into a multi-hundred-megawatt campus by 2030.
- Project includes private substation construction and $130M+ addition to local tax base.
- First power expected in 2028, with operations ramping thereafter.
- Second Texas data center after the 1.6 GW Helios campus in Dickens County.
The big picture
Galaxy Digital is doubling down on Texas as a strategic hub for AI/HPC data centers, reflecting the structural shift in compute demand. The company's multi-campus strategy positions it among North America's largest data center developers, with this acquisition following its successful transformation of the Helios campus into a 1.6 GW facility.
What we're watching
- Execution Risk
- Whether Galaxy can meet its ambitious 2028 power-on timeline and 2030 expansion targets.
- Regulatory Dynamics
- How ERCOT's large load threshold policies may impact the campus's growth potential.
- Community Impact
- The pace at which Galaxy can deliver on its promises of job creation and local infrastructure investment.
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